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>> INTERNATIONAL MONETARY FUND Latest News

MAY 06, 2014 - Zero Hedge

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And The First Thing Ukraine Will Buy With IMF Money Is...

A month ago, it was alleged, that Ukraine - under cover of night - loaded its gold reserves onto a plane and shipped them off (for safekeeping) in the US, as the potential price of 'liberation'. So how ironic that, given the massive gas debts that Ukraine owes to Russia (and prepayments pending), and sizable bond maturities pending, the first thing that Ukraine's National Bank governor will be buying with his freshly minted loan from the IMF is... buy a billion dollars of gold. We presume Gazprom still gets its payment and bondholders get paid off - because that seriously impair 'investor ... Read More

Tags: And The First Thing Ukraine Will Buy With IMF Money Is...,  International Monetary Fund Latest News